HDFC Securities maintained its DCF-based target price of ₹1,080 per share and upgraded to Buy from Add
The buying on the counter came after Metro Brands reported healthy December quarter (Q3FY26) results on Wednesday, after market hours.
Metro Brands reported 15 per cent revenue growth in Q3FY26, driven by strong festive and wedding season demand, supported by a reduction in GST on footwear priced below ₹2,500.
Metro's quarterly revenue grew about 11% to 6.51 billion rupees, helped by e-commerce sales that have grown 39% from a year ago
HDFC Securities, in a note dated September 30, maintained its 'Sell' recommendation, due to expensive valuations at 55x estimated September 2027 P/E.